Forex Investing Scams

Most new investors do not do any research, and end up becoming a victim of an Online Investing Scam. There are literally hundreds of Investment scams that happen on a daily basis, and most people are totally clueless.

Your Broker is a Scam if:

They use words like “Safe & Secure” but do not have a valid license.

After you deposit $250, they pressure you to invest $5,000.

A broker calls you offering a “Managed Account” with steady returns.

They tell you that their company doesn’t need a license.

They ask you to deposit more money (a profit tax), so that you can withdraw.

How to Prevent Becoming a Victim

The first step to avoid an investment scam, is by properly researching your online broker. Ask yourself these questions.

Conclusion

Forex scams are one of the oldest scams in the history of the world, and the internet has only helped the scammers. With the growing popularity Crypto investing, there has been a surge in complaints about bad Forex CFD brokers.

Make sure to properly do your research, and don’t be naive and think you can make $500 a day, by doing nothing. For every Forex broker you find, and every trading system you hear about, there are fifty more which offer the identical product.

When choosing a CFD or Forex broker, make sure you are using one that is locally licensed and regulated, choose one here.

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